Browsing the blog archives for October, 2011
Browsing the blog archives for October, 2011
Premium doughnut retailer Krispy Kreme will expand their UK based operations in the aftermath of a £25 million management buy-out. The expansion is backed, and the buy-out led by managing directors Richard Cheshire and Rob Hunt and backed by private equity firm, Alcuin Capital Partners. The Krispy Kreme UK company plans to expand throughout the [...]
Matt Davies, current chief executive of Pets at Home has announced that he will stand down once a successor to his role has been found. Davies has been with the company for seven years, but ends his association with the company in order to pursue other opportunities. Chief executive Davies said “My role at Pets [...]
Retailer, John Lewis, experienced a 7.9% downturn in sales last week and blamed the blazing Indian Summer heatwave for discouraging shoppers to head into their stores. John Lewis fashion sales were down 13% on the same week last year as customers justifiably held off from buying in their Autumn wardrobe. Electical, Home and Technology sales [...]
The British Retail Consortium’s monthly survey, in partnership with Neilsen, shows that overall shop price inflation remained a stable 2.7% in September. Inflation on food prices was also unchanged at 0.5%, however non-food inflation actually fell to 1.3% from 1.4% in August. BRC director general Stephen Robertson commented: “The pressures on prices from world commodities, [...]
Travel agent Virgin Holidays has launched its first concession stores within branches of Sainsbury’s supermarkets in London. The holiday company have initially opened two concession stores in the Merton and Cromwell Road outlets of Sainsbury’s, with plans to open more in the next few months. Concession stores in branches of Sainsbury’s is part of Virgin [...]
The clothing retail department of supermarket giant Tesco will now deliver orders internationally, for the first time. Launching in early October, the service will initially offer delivery solely to EU countries. The service is expected to be successful in countries which already offer Tesco’s F&F label clothing brand in their stores; which includes Poland, Czech [...]
The increase of the national minimum wage will impact the retail sector more than most, it has been predicted. Rather than benefit retail workers, experts have claimed that the latest increase, which came into force over the weekend and saw the hourly rate rise 15p to £6.08, The British Retail Consortium (BRC) has said that [...]
Waitrose has opened its first Fulfilment Centre which will handle and despatch orders placed online by customers in London. The brand new Fulfilment Centre is located in Acton, West London, and The centre will initially handle around two thousand online orders per week, offering customers one-hour delivery slots between 7am and 11pm during weekdays, with [...]